Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
the only benefit to the shareholders will be proceeds from US listing if it happens to pare down Gent's debt; unlikely special dividend given the story line of rights issue that the boss is painting now?
Cheng, there are so many tools LKT can use if GB really needs money to pare down the debt but he chosen the worst one to push down the share price to the max. What do you think is his intention?
If GB really needs more cash, can get special dividend from GenS, or can sell some lands in GenP, or even GenM's Miami piece of land. Why he chose to do Rights Issue which he knows will surely destroy the share price?
I have no idea, Daniel. The official reason mentioned funding for debt repayment resulting in potential interest savings between 40 mil to 60mil for the next 12 months. The interest savings is relatively small compared to the total 45bil total debt or 9bil short term debt and not much changes to the gearing.
